In France, Danone Manifesto Ventures took a stake in Harmless Harvest, a leader in U.S. refrigerated premium coconut water and a Fair for Life certified organic producer. Harmless Harvest markets fresh organic coconut water, produced through an exclusive micro-filtration process.
Harmless Harvest secured a total of $30 million USD, and while including Mousse Partners as well as other existing and new shareholders like AccelFoods, this round was led by Danone’s venture arm, allowing Danone to build on its existing stake in Harmless Harvest. “Harmless Harvest is a unique U.S. brand with a strong consumer base and a great growth potential in the attractive plant-based category,” said Laurent Marcel, the Managing Director of Danone Manifesto Ventures.
Harmless Harvest intends to use the investment to support its growth initiatives by increasing and optimizing sustainable production capacity, raising brand awareness and expanding distribution to meet growing consumer demand for refrigerated premium coconut water.